WIPRO
Wipro Limited (BSE: 507685, NSE: WIPRO, NYSE: WIT, NASDAQ: WIT) is a global information technology (IT) services company headquartered in Bangalore, India. According to the 2010 revenue, Wipro is one of the largest IT services company in India and employs more than 119,491 people worldwide as of September 2010.[3] It is 9th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[4] Wipro provides outsourced research and development, infrastructure outsourcing, business process outsourcing (BPO) and business consulting services. The company operates in three segments: IT Services, IT Products, Consumer Care and Lighting.
Wipro Technologies, the global technology and consulting services division of Indian conglomerate Wipro Limited.
The company was established in 1980 as subsidiary of Wipro Limited listed on New York Stock Exchange. Wipro was initially set up as a vegetable oil manufacturer in 1945 in Amalner, Maharashtra, producing sunflower Vanaspati Oil and soaps. At that time, the company was called Western India Vegetable Products Limited (later abbreviated down to Wipro)[5][6]. The company logo still contains a sunflower to reflect their original business. During 1970s and 1980s it shifted its focus and begin to look into business opportunities in IT and computing industry which was at nascent stages in India at that time. Wipro was the first company which marketed the first indigenous homemade PC from India in 1975.
Exporter Wipro replaced the chiefs of its key outsourcing business and reported third-quarter profit growth that lagged its main rivals, sending its shares down 4 percent.
Wipro said company veteran T.K. Kurien was taking over as the new chief executive of the IT unit, which accounts for about three-quarters of its revenue, to make the organisation structure simpler.
Analysts said Wipro, which posted a 10 percent rise in third quarter net profit on Friday, had been struggling to keep up with its bigger competitors, Tata Consultancyand Infosys.
"Wipro has been underperforming both TCS and Infosys for the last five to six quarters," said Hardik Shah, IT sector analyst at brokerage KR Choksey Shares & Securities.
"Something was wrong, things were not quite working out and this (the management change) seems to be a drastic step," he said. "It will take a couple of quarters at least for the new strategy to come through. There should be some uncertainty till then."
Wipro shares were down 3.5 percent at Rs 460.90 in morning trade, after falling as much as 4.2 percent -- their biggest fall in more than two months.
Tata Consultancy dipped 0.4 percent and Infosys fell nearly 1 percent in a main Mumbai market down 0.2 percent.
"This is definitely a surprise," said R.K. Gupta, managing director of Tarus Mutual Fund, which owns Wipro shares. "For Wipro, resignations by such key people could lead to losing out on some orders as the contacts move away with the employees."
This week has seen a management shakeup in global technology. Hewlett-Packard Co is restructuring its board, criticized by many as dysfunctional, Google's co-founder Larry Page will take over as CEO and Apple's visionary CEO Steve Jobs has announced a leave of absence.
Wipro is led by Chairman Azim Premji , the world's 24th richest billionaire according to Forbes and termed "India's Bill Gates" by the magazine.
Premji took over his father's ailing vegetable oil business in the mid-1960s leaving his degree in engineering at Stanford unfinished. He diversified into making hydraulic cylinders in the 1970s and struck out into information technology in 1980.
"The joint CEO structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times," Premji, said in a statement. "With the change in environment, there is a need for a simpler organisation structure."
SJBIT Wipro Results 2011 - SJB Institute of Technology (SJBIT) has announced Wipro Result for 4th Batch. SJBIT Wipro results for first 3 Batches have also been published on 2rd March 2011 and available here online at the official website of SJB Institute of Technology.
Wipro bpo
In tune with the wipro philosophy of growing leaders, the culture and environment at wipro bpo is one that promotes self-development in perpetuity.
There are career opportunities available to suit each and every individual - opportunities exist across diverse business and service lines ranging from banking & capital markets, insurance, travel & hospitality, retail & consumer products, energy and utility, technology, manufacturing, telecom & healthcare sectors. We have built deep expertise in processes like finance & accounting, procurement, marketing, legal, hr services, tech support, customer services and analytics.
Wipro to remove employment bond for freshers
Bangalore: here is a good news for freshers searching for jobs.wipro technologies is preparing for the talent war this year. Wipro used to ask to make a payment of 75,000 while signing the employment contract but now they have removed the policy.with this,the company plans to offer double digit wage hikes this april.
but, wipro will still have a service level agreement for a period of 15 months for the employees.the company feels that it will improve the quality of hires and at the same time they will not lose employees after the significant effort in training period.
Priti rajora, global head-talent acquisition, wipro technologies said. "the training and development program entails a considerable investment in terms of manpower, training hours, infrastructure and technological knowhow. This investment makes it necessary for us to expect the fresher to stay with us for a period so as to obviate an adverse impact on ongoing projects."
it firms like tcs and infosys ask freshers to sign employment bond.tcs sign a two year service agreement, and infosys has one year agreement which starts from the date of completing the training programme. According to them these bonds will restrict job hopping for the employees as well as through this bond they ensure that employees stay with the company for a while.
However cognizant have never had a practice of making employees sign bonds. According to them this process work well for them as they would have employees who wants to stay than who stays forcefully.
Indian it companies have the practice of signs bonds.but in the uk and u.s there is no such policies. Now with the new policy of wipro, we can hope that the other it companies will also ape with wipro.
Wipro Limited (BSE: 507685, NSE: WIPRO, NYSE: WIT, NASDAQ: WIT) is a global information technology (IT) services company headquartered in Bangalore, India. According to the 2010 revenue, Wipro is one of the largest IT services company in India and employs more than 119,491 people worldwide as of September 2010.[3] It is 9th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[4] Wipro provides outsourced research and development, infrastructure outsourcing, business process outsourcing (BPO) and business consulting services. The company operates in three segments: IT Services, IT Products, Consumer Care and Lighting.
Wipro Technologies, the global technology and consulting services division of Indian conglomerate Wipro Limited.
The company was established in 1980 as subsidiary of Wipro Limited listed on New York Stock Exchange. Wipro was initially set up as a vegetable oil manufacturer in 1945 in Amalner, Maharashtra, producing sunflower Vanaspati Oil and soaps. At that time, the company was called Western India Vegetable Products Limited (later abbreviated down to Wipro)[5][6]. The company logo still contains a sunflower to reflect their original business. During 1970s and 1980s it shifted its focus and begin to look into business opportunities in IT and computing industry which was at nascent stages in India at that time. Wipro was the first company which marketed the first indigenous homemade PC from India in 1975.
Exporter Wipro replaced the chiefs of its key outsourcing business and reported third-quarter profit growth that lagged its main rivals, sending its shares down 4 percent.
Wipro said company veteran T.K. Kurien was taking over as the new chief executive of the IT unit, which accounts for about three-quarters of its revenue, to make the organisation structure simpler.
Analysts said Wipro, which posted a 10 percent rise in third quarter net profit on Friday, had been struggling to keep up with its bigger competitors, Tata Consultancyand Infosys.
"Wipro has been underperforming both TCS and Infosys for the last five to six quarters," said Hardik Shah, IT sector analyst at brokerage KR Choksey Shares & Securities.
"Something was wrong, things were not quite working out and this (the management change) seems to be a drastic step," he said. "It will take a couple of quarters at least for the new strategy to come through. There should be some uncertainty till then."
Wipro shares were down 3.5 percent at Rs 460.90 in morning trade, after falling as much as 4.2 percent -- their biggest fall in more than two months.
Tata Consultancy dipped 0.4 percent and Infosys fell nearly 1 percent in a main Mumbai market down 0.2 percent.
"This is definitely a surprise," said R.K. Gupta, managing director of Tarus Mutual Fund, which owns Wipro shares. "For Wipro, resignations by such key people could lead to losing out on some orders as the contacts move away with the employees."
This week has seen a management shakeup in global technology. Hewlett-Packard Co is restructuring its board, criticized by many as dysfunctional, Google's co-founder Larry Page will take over as CEO and Apple's visionary CEO Steve Jobs has announced a leave of absence.
Wipro is led by Chairman Azim Premji , the world's 24th richest billionaire according to Forbes and termed "India's Bill Gates" by the magazine.
Premji took over his father's ailing vegetable oil business in the mid-1960s leaving his degree in engineering at Stanford unfinished. He diversified into making hydraulic cylinders in the 1970s and struck out into information technology in 1980.
"The joint CEO structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times," Premji, said in a statement. "With the change in environment, there is a need for a simpler organisation structure."
SJBIT Wipro Results 2011 - SJB Institute of Technology (SJBIT) has announced Wipro Result for 4th Batch. SJBIT Wipro results for first 3 Batches have also been published on 2rd March 2011 and available here online at the official website of SJB Institute of Technology.
In tune with the wipro philosophy of growing leaders, the culture and environment at wipro bpo is one that promotes self-development in perpetuity.
There are career opportunities available to suit each and every individual - opportunities exist across diverse business and service lines ranging from banking & capital markets, insurance, travel & hospitality, retail & consumer products, energy and utility, technology, manufacturing, telecom & healthcare sectors. We have built deep expertise in processes like finance & accounting, procurement, marketing, legal, hr services, tech support, customer services and analytics.
Wipro to remove employment bond for freshers
Bangalore: here is a good news for freshers searching for jobs.wipro technologies is preparing for the talent war this year. Wipro used to ask to make a payment of 75,000 while signing the employment contract but now they have removed the policy.with this,the company plans to offer double digit wage hikes this april.
but, wipro will still have a service level agreement for a period of 15 months for the employees.the company feels that it will improve the quality of hires and at the same time they will not lose employees after the significant effort in training period.
Priti rajora, global head-talent acquisition, wipro technologies said. "the training and development program entails a considerable investment in terms of manpower, training hours, infrastructure and technological knowhow. This investment makes it necessary for us to expect the fresher to stay with us for a period so as to obviate an adverse impact on ongoing projects."
it firms like tcs and infosys ask freshers to sign employment bond.tcs sign a two year service agreement, and infosys has one year agreement which starts from the date of completing the training programme. According to them these bonds will restrict job hopping for the employees as well as through this bond they ensure that employees stay with the company for a while.
However cognizant have never had a practice of making employees sign bonds. According to them this process work well for them as they would have employees who wants to stay than who stays forcefully.
Indian it companies have the practice of signs bonds.but in the uk and u.s there is no such policies. Now with the new policy of wipro, we can hope that the other it companies will also ape with wipro.
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